Layer 1/Layer 2 Rockets Past $3.8 with Force! ๐๐ฅ
On the 4h timeframe, $SUI currently at $3.6713, up by a powerful +9%! The 24h high is $3.8114, with a massive volume of 888M SUI and 3B USDT. The RSI is extremely high at 86, indicating intense buying pressure.
โ Key Observation:
#sui has broken through the $3.8 resistance with strong momentum and volume, indicating significant bullish strength in the Layer 1/Layer 2 sector.
next Next Potential targets:
๐ฏ $3.8114 (24h high - immediate resistance)
๐ฏ $4.0000 (key psychological resistance level)
๐ฏ $4.2000 (potential further resistance if momentum continues)
๐ก๏ธImportant Support Level (to watch for potential pullback):
๐ก๏ธ $3.5000 (potential near-term support zone)
๐ Stop Loss: Consider a stop loss around $3.4000 to manage risk given the rapid ascent.
๐ **Potential Price Path in the Immediate Future:**
#SUI๐ฅ is displaying overwhelming bullish momentum, having decisively broken past the $3.8 level. The immediate target is the 24-hour high of $3.8114. A sustained push beyond this could propel SUI towards the significant psychological barrier of $4.00 and potentially higher towards $4.20. The extremely high RSI suggests overbought conditions, so be prepared for potential volatility and profit-taking. However, the current strength indicates a strong bullish trend.
Buy and trade here on $SUI
3.5928
+9.34%
